Business Vocab

12345678910111213141516171819202122232425262728
Across
  1. 5. when one company and its product dominate an entire industry whereby there is little to no competition and consumers must purchase that specific good or service from the one company
  2. 9. the current price at which an asset or service can be bought or sold.
  3. 11. a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship
  4. 14. risks that are beyond human control and result in a loss or no loss with no possibility of financial gain
  5. 15. the movement of assets, funds, or ownership rights from one place to another.
  6. 19. received from the sale of products or services
  7. 20. a cost that businesses incur in running their operations
  8. 21. the direct cost of producing products sold by your business.
  9. 22. a company's or product's ability to retain customers over time
  10. 25. the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time
  11. 26. the contest between organizations that provide similar products or services or that target the same audience of consumers.
  12. 27. the total sales of the firm minus the total cost of the goods sold.
  13. 28. the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail.
Down
  1. 1. the way that various industries are classified and differentiated in accordance with their degree and nature of competition for products and services
  2. 2. the government controls the prices the company charges as well as other key operational policies.
  3. 3. a product that is in a different category altogether but which is seen as an alternative purchase choice
  4. 4. you intend to earn more in revenue from the activity than you incur in expenses
  5. 6. the costs incurred by a business for its operational activities.
  6. 7. the action of keeping away from or not doing something
  7. 8. loss to an organisation caused by human factors including the decisions and non-decisions, actions and non-actions of its people.
  8. 9. the money you have left after paying for business expenses
  9. 10. risks recognized in risk management that are related to the loss of natural assets
  10. 12. when two or more businesses offer the same product or service and compete for the same market.
  11. 13. the contest between organizations that provide similar products or services or that target the same audience of consumers.
  12. 16. a category of risk that can be taken on voluntarily and will either result in a profit or loss.
  13. 17. when all companies sell identical products, market share does not influence price, companies are able to enter or exit without barriers, buyers have perfect or full information, and companies cannot determine prices.
  14. 18. the process of decreasing a company's expenses to maximize profits
  15. 23. a small number of producers working, either explicitly or tacitly, to restrict output and/or fix prices, in order to achieve above normal market returns.
  16. 24. the risk involved in investing in a business opportunity in an international market that arises from changes in sovereign policies, market fluctuations, and counterparty credit risk.